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Landmarked Vinegar Hill Townhouse Sells for Record-Breaking $3.35M

By Janet Upadhye | April 13, 2015 11:37am | Updated on April 14, 2015 6:27pm
 69 Gold St. broke sale record for the neighborhood, according to realtor Jared Seligman.
69 Gold St. broke sale record for the neighborhood, according to realtor Jared Seligman.
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Douglas Elliman, NYC Dept. of Taxes

VINEGAR HILL — A landmarked townhouse sold for $3.35 million, breaking a sales record in the neighborhood, according to brokers.

The sale of the building at 69 Gold St. — a 4-bedroom, 3-bathroom home — broke the record for highest sale price for a townhouse in Vinegar Hill, which was previously $2.125 million for a townhouse at 79 Bridge St., said Jared Seligman, the realtor representing the property.

The Greek Revival-style building on Gold Street, which was built in 1841 and once held a liquor store on the ground floor, recently completed renovations that included removing the retail space, restoring the facade, adding more windows and installing a terrace on the rooftop, according to developer Adam Meshberg.

The building was also home to a cafe in the 1930s and a speakeasy during Prohibition, he said.

Average sale prices for townhomes in the neighborhood hover around $1.4 million, according to Seligman.

The combination of the home's convenience to Manhattan, two-car garage, renovation and views are what made the building so attractive to buyers, he explained.

"We had a few people interested and multiple offers," Seligman said.

The sale might boost overall interest in the sleepy industrial neighborhood that is bordered by DUMBO, the Con Edison Hudson Avenue Substation, the Brooklyn Navy Yard and the Brooklyn Queens Expressway.

"I believe that potential buyers will have more confidence in location now that there has been such a high sale," he said.